Netomnia, along with ISP sister company YouFibre has completed an additional fundraise of £147.5m in its accordion facility welcoming three new lenders: Barclays, Alpha Bank and Nord/LB.
Fri, 9/09/2022 - 11:18
Lightning Fibre, founded in Eastbourne in 2018, has recently passed 60,000 premises and increased its investment from Foresight Group to facilitate further expansion.
Further private funding will see the network extend to Haywards Heath and Tenterden, with more towns under review.
The investment means a build to 140,000 homes and businesses is fully-funded and the expansion will see the company’s headcount increase to around 200.
“We have thousands of happy customers in Eastbourne and have recently connected our first customers in Heathfield and Hailsham,” said CEO Ben Ferriman.
The firm recently strengthened its Board with the appointment of Amit Thakrar, Portfolio Director, at Foresight Group and Tim Passingham, Chairman of Cambridge Management Consulting.
Thakrar said: “All expectations have been exceeded and the positive reputation in the towns served by Lightning Fibre further supports the case for expansion.”
